Global Waveguide Market is valued at approximately USD 1.38 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2023-2030. A waveguide is a type of structure that confines the passage of energy by guiding electromagnetic, radio, or sound waves with the least amount of energy loss. These are employed when an array of devices is connected in order to transmit signals over long distances. This electromagnetic feed line is used for microwave communications, broadcasting, and radar installations. Waveguides are gaining high traction in non-linear devices, optical interferometers, optical communication, and photonic integrated circuits. The surging demand for high-speed data transmission, growing construction activities, increasing advancements in radar and satellite technology, favorable government initiatives, and ongoing development of high-tech products are the factors that are fueling the demand for waveguides in the global market.
The rapid development of the 5G network is exhibiting a positive influence on market growth during the estimated period. The deployment of 5G networks requires high-frequency communication and transmission capabilities. Waveguides offer proficient and reliable transmission of signals in the millimeter-wave frequency range, which is crucial for 5G networks. According to the 5G Americas- an industry trade organization reported that approximately 1.9 billion of 5G connections were recorded, which is projected to rise and is likely to reach 5.9 billion 5G connections by 2027. Accordingly, the widespread adoption of 5G technology is driving the demand for waveguides during the estimated period. Moreover, the increasing development of radar technologies, as well as the growing adoption of optical interconnects present various lucrative opportunities over the forecasting years. However, the high cost of waveguides and the presence of alternative technologies are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Waveguide Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rising construction activities, increasing government support, advancing manufacturing facilities, and growing investments in new infrastructure development. For instance, in August 2020, the Prime Minister of India officially opened an exclusive submarine optical fiber cable in order to connect the Andaman and Nicobar Islands with the mainland territory. The administration is focusing on offering high-speed internet data transfer to the residents and improving the local economic growth. Whereas, Europe is expected to grow at the highest CAGR over the forecasting years. The favorable policy framework for digitalizing buildings, as well as the rising development of commercial and residential establishments, are significantly propelling the market demand across the region.
Major market players included in this report are:
- Penn Engineering Components Inc.
- Jupiter Microwave Components Inc.
- Quantic Electronics
- Cobham Advanced Electronic Solutions
- Ducommun Incorporated
- Smith's Interconnect
- DigiLens, Inc.
- Global Invacom
- Flann Microwave Ltd.
- Corning Incorporated
Recent Developments in the Market:
- In March 2021, Quantic Electronics declared the acquisition of Corry Micronics. Corry Micronics's product portfolio consists of low-noise amplifiers, multiplexers, RF switches, diplexers, RF (Radio Frequency)/microwave filters, power amplifiers, couplers, power dividers, waveguide components, and configurable RF switch matrices. Corry Micronics's RF and microwave components portfolio complemented Quantic Electronics's existing RF portfolio.
- in December 2022, Fairview Microwave, one of the major manufacturers of microwave, RF, and millimeter-wave equipment, introduced a line of waveguide frequency multipliers. The multipliers are made to work with 5G, mobile, satellite, test and measurement, research and development, radar systems, and Earth observation applications.
Global Waveguide Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Component, Type, End-user, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Component:
- Adapters
- Couplers
- Loads & Filters
- Isolators & Circulators
- Phase Shifters
- Power Combiners
- Pressure Windows
By Type:
- Rectangular Waveguide
- Circular Waveguide
- Single Ridged Waveguide
- Double Ridged Waveguide
- Elliptical Waveguide
By End-user:
- Aerospace & Defense
- Medical
- Industrial
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Waveguide Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Waveguide Market, by Component, 2020-2030 (USD Billion)
- 1.2.3. Waveguide Market, by Type, 2020-2030 (USD Billion)
- 1.2.4. Waveguide Market, by End-user, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Waveguide Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Waveguide Market Dynamics
- 3.1. Waveguide Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Surging demand for high-speed data transmission
- 3.1.1.2. Rapid development of the 5G network
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of waveguides
- 3.1.2.2. Presence of the alternative technologies
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing development of radar technologies
- 3.1.3.2. Growing adoption of optical interconnects
Chapter 4. Global Waveguide Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Waveguide Market, by Component
- 5.1. Market Snapshot
- 5.2. Global Waveguide Market by Component, Performance - Potential Analysis
- 5.3. Global Waveguide Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
- 5.4. Waveguide Market, Sub Segment Analysis
- 5.4.1. Adapters
- 5.4.2. Couplers
- 5.4.3. Loads & Filters
- 5.4.4. Isolators & Circulators
- 5.4.5. Phase Shifters
- 5.4.6. Power Combiners
- 5.4.7. Pressure Windows
Chapter 6. Global Waveguide Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Waveguide Market by Type, Performance - Potential Analysis
- 6.3. Global Waveguide Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 6.4. Waveguide Market, Sub Segment Analysis
- 6.4.1. Rectangular Waveguide
- 6.4.2. Circular Waveguide
- 6.4.3. Single Ridged Waveguide
- 6.4.4. Double Ridged Waveguide
- 6.4.5. Elliptical Waveguide
Chapter 7. Global Waveguide Market, by End-user
- 7.1. Market Snapshot
- 7.2. Global Waveguide Market by End-user, Performance - Potential Analysis
- 7.3. Global Waveguide Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
- 7.4. Waveguide Market, Sub Segment Analysis
- 7.4.1. Aerospace & Defense
- 7.4.2. Medical
- 7.4.3. Industrial
- 7.4.4. Others
Chapter 8. Global Waveguide Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Waveguide Market, Regional Market Snapshot
- 8.4. North America Waveguide Market
- 8.4.1. U.S. Waveguide Market
- 8.4.1.1. Component breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End-user breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Waveguide Market
- 8.5. Europe Waveguide Market Snapshot
- 8.5.1. U.K. Waveguide Market
- 8.5.2. Germany Waveguide Market
- 8.5.3. France Waveguide Market
- 8.5.4. Spain Waveguide Market
- 8.5.5. Italy Waveguide Market
- 8.5.6. Rest of Europe Waveguide Market
- 8.6. Asia-Pacific Waveguide Market Snapshot
- 8.6.1. China Waveguide Market
- 8.6.2. India Waveguide Market
- 8.6.3. Japan Waveguide Market
- 8.6.4. Australia Waveguide Market
- 8.6.5. South Korea Waveguide Market
- 8.6.6. Rest of Asia Pacific Waveguide Market
- 8.7. Latin America Waveguide Market Snapshot
- 8.7.1. Brazil Waveguide Market
- 8.7.2. Mexico Waveguide Market
- 8.8. Middle East & Africa Waveguide Market
- 8.8.1. Saudi Arabia Waveguide Market
- 8.8.2. South Africa Waveguide Market
- 8.8.3. Rest of Middle East & Africa Waveguide Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Penn Engineering Components Inc.
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Jupiter Microwave Components Inc.
- 9.3.3. Quantic Electronics
- 9.3.4. Cobham Advanced Electronic Solutions
- 9.3.5. Ducommun Incorporated
- 9.3.6. Smith's Interconnect
- 9.3.7. DigiLens, Inc.
- 9.3.8. Global Invacom
- 9.3.9. Flann Microwave Ltd.
- 9.3.10. Corning Incorporated
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption